PT United Tractors Tbk (OTCMKTS:PUTKY) Shares Up 5.5% – Here’s Why

PT United Tractors Tbk (OTCMKTS:PUTKY)’s share price shot up 5.5% during mid-day trading on Tuesday . The stock traded as high as $33.84 and last traded at $33.84. 3,014 shares were traded during mid-day trading, a decline of 77% from the average session volume of 13,248 shares. The stock had previously closed at $32.09.

PT United Tractors Tbk Stock Up 5.5%

The company’s fifty day moving average is $31.65 and its 200-day moving average is $28.72.

PT United Tractors Tbk Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a $0.4745 dividend. This represents a yield of 565.0%. The ex-dividend date of this dividend is Thursday, October 9th. PT United Tractors Tbk’s dividend payout ratio is currently 0.00%.

PT United Tractors Tbk Company Profile

PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation.